Research
MTY Food Group Price Target Lowered To $46 At RBC
RBC Capital Markets lowered its price target on MTY Food Group Inc. (MTY.TO) to $46 from $48.Analyst Ryland Conrad maintained a Sector Perform rating on shares of the Canadian quick service restaurant franchisor and operator."While the outcome of the ongoing strategic review could be a catalyst for the shares, there remains considerable uncertainty with respect to the scope, probability, timing and valuation of any potential transaction(s)," Conrad said in a note to clients."As such, our focus remains on the organic growth trajectory, and although we believe management is working through recent challenges and gradually making progress strengthening the network, we expect sustained macro and competitive headwinds to limit any meaningful improvement in the near term," the analyst said."While we did see some organic growth green shoots emerging in Q4/25, both consolidated SSS of -2.5% (versus -1.7% in Q4/25) and net location closures of -46 (versus -32 in Q1/25) were below our expectations this quarter in what remains a challenging operating environment (macro, competition)."(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
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